"The Central government's decision to keep away Ananthasubramanian, Managing Director and CEO of Allahabad Bank and the two Executive Directors in PNB from their banks is a welcome decision".
The main accused in the scam - Nirav Modi and his brother Nishal Modi - are absconding.
Indian authorities have arrested at least 20 people in the case and a court has issued non-bailable warrants against accused jewellers Nirav Modi and his uncle Mehul Choksi.
Other names in the charge sheet include PNB executive directors Sanji Saran and Brahmaji Rao, General Manager- Nehal Ahad. Following this, the accused will not be able to seek bail.
The scam, which reportedly began in 2011, was detected in the third week of January this year, after which the PNB officials reported it to the concerned agencies. More than 80 witnesses have been examined. The charge-sheet was filed in a Mumbai court just before the 90-day period to file charges against those arrested ends. They are at large after defrauding PNB of over Rs 14,000 crore using 1,200 illegally secured letters of undertakings (LOUs). They did not record the details on SWIFT interbank messaging system or PNB's own networks and handed demand drafts to Nirav and his firms. The transactions happened without any sanctioned limit or cash margin and without making any entries in the bank's CBS system.
Investigators found that the funds were siphoned off to purported overseas supplier firms that was a set-up by Nirav Modi and his firms. Of the total misappropriated amount, Rs 6,498.2 crore has been attributed to Nirav.
CBI is all set to file its first chargesheet today Usha Ananthasubramaniam, the MD, and CEO of PNB will also be named in the chargesheet, according to sources.
"While we have recovered documents including original applications for seeking loan through LoUs of over 130 of the 144 LoUs mentioned in the first FIR, the charge sheet concentrates only on half-a-dozen LoUs and an equal number of FLCs as we have been able to collect evidence to prove that they were fraudulent", said an official". She was head of the core management team constituted by the Ministry of Finance for coordinating the process of formation of a women-centric bank. Meanwhile, RBI has imposed lending and deposit restrictions on Allahabad Bank given its poor financial health.
Her more notable turns included The Amityville Horror , Sisters , Heartaches , The Great Waldo Pepper , and Black Christmas . Her career started to take off in 1970 when she starred opposite Gene Wilder in Quackser Fortune Has a Cousin in the Bronx .
As per the Accord, the immigrants, irrespective of faith who entered Assam after March 24, 1971, will be detected and deported. Many senior Congress leaders not only defied the party line but also made provocative statements in support of the bill.
Hamilton will be trying to win his second race in a row and add to his four-point lead over Vettel in the drivers' standings. This is what racing drivers need, results , podiums and wins, and hopefully it is the beginning of a good phase".
Taran Adarsh also wrote that the film's box office collection on Monday would give an idea of how it would trend on weekdays. The strong show of the film at the box office has helped made Raazi one of the biggest openers of the year.
The higher crude prices that have followed have prompted growth in rival supply and a flood of US shale output. USA light crude CLc1 was down 66 cents at $70.70, off a 3-1/2 year high of $71.89 it hit on Thursday.
Flying data showed the aircraft was on the cruising altitude of 9,750 metres but then dropped suddenly to 7,300 metres. A member of cabin crew was also said to have been injured although details were not immediately made available.
Narrowing in a bit closer, the 5 month price index is 0.99527, the 3 month is 1.09221, and the 1 month is now 1.07407. The funds in our partner's database now own: 193.64 million shares, up from 182.82 million shares in 2017Q3.
Following Wolverine's demise in Logan , Deadpool's focus has now shifted to Robert Downey Jr's Tony Stark, aka Iron Man. In Deadpool 2 , Deadpool has gone global , making the sweetest hits ever made by a mercenary for hire.
So far the authorities have discovered the children were home-schooled but it is still unclear what the couple did for a living. She said the "squalor" officers saw while investigating came from her tearing her house apart as she searched for her child.
Plus, Google says it may hand out free Google Play credits to buy apps, music and movies, and offer other sorts of deals as well. Google's paid storage plans are set to become more affordable this year, following the roll-out of the new " Google One ".
Trump has been criticized for announcing plans to relocate the embassy and for formally recognizing Jerusalem as Israel's capital. " Robert Jeffress is the pastor at the first Baptist church in Dallas".
Among U.S. destinations, Orlando was ranked the most popular for Memorial Day weekend, based on AAA advance travel bookings. The national average on Sunday was $2.86 per gallon, up 5.7 cents from a week earlier.
We hope that it will reinforce the realisation that the world is not the same anymore. " The world has changed ". The move comes as the topics of inclusion and equality have been front and centre at Cannes Film Festival 2018.
But Flipkart's board reportedly believed a deal with Walmart had a better of chance of passing regulatory muster. The IPO will be done "at a valuation no less than that paid by Walmart " for this buyout, the SEC filing said.
In 2015, feds shut down beteagle.com, a sports gambling site run by Dominick Brown, of Springfield, and Eric Patten, of Bayonne. But it likely would add foot traffic to Iowa casinos, including many people who do not now visit them.
We've got EXCLUSIVE details on why she purposely neglected to praise the new mom while giving love to Kim and Kris. Khloe also "wants to show everyone that she is making the right decision" according to the weekly's source.
The Israeli military said three of those killed were armed militants who tried to place explosives near the fence. The health officials said 900 Palestinians were wounded, about 450 of them by live bullets, Gulf News reported.
North Korea for decades has been pushing a concept of "denuclearization" that bears no resemblance to the American definition. American companies have been barred from such investments in the Hermit Kingdom for years.
Kivelson, who hadn't considered such a plume when she collected the data two decades ago, marveled at the new discovery. They found that a sudden blast of water from the Jovian moon explained the Galileo probe's odd measurements.
Fears of a trade war emerged in April when both sides engaged in a multi-billion dollar tit-for-tat over tariffs. US crude futures climbed 26 cents, or 0.37%, to $70.96 a barrel on the New York Mercantile Exchange.
I'm the luckiest mom in the world to have these three babies in my life! This was all we got before all three kids started crying. People commented with how they use the same parenting method for the kids to follow the instructions of their parents.
The big question is whether the government will intervene and cut excise duty to bring relief to the OMCs and consumers alike. Moreover, Brent crude futures were at $76.65 per barrel at 0415 GMT, down 47 cents, or 0.6 percent from their last close.
John McCain of Arizona, who himself is battling mind most cancers, tweeted his effectively needs to his former colleague. Politicians took to Twitter to voice their support for Reid, including former U.S.